Anaconda Mining intersects 2.09 g/t gold over 14 metres at Argyle

T.ANX, Anaconda Mining, gold, Newfoundland

Anaconda Mining Inc. (T.ANX) is pleased to announce it has received the remaining assay results from a recently completed 22-hole, 1,638-metre diamond drilling program (the “Phase 1 Drilling Program”) at the Argyle Prospect (“Argyle”) within the Point Rousse Project (See Exhibit A). Anaconda intersected gold mineralization and related alteration within 17 of the 22 holes drilled (See Exhibit B). Highlights from the Phase 1 Drilling Program were as follows (including previously reported assay results).
2.09 grams per tonne (“g/t”) over 14.0 metres (18.0 to 32.0 metres) in hole AE-16-20;

6.09 g/t over 8.9 metres (35.0 to 43.9 metres) in hole AE-16-11;

4.50 g/t over 6.3 metres (3.7 to 10.0 metres) in hole AE-16-06; and

1.32 g/t over 12.0 metres (4.5 to 16.5 metres) in hole AE-16-03. read more

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